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The aerospace robotics market size is estimated to grow at a CAGR of 9.2% between 2023 and 2027. The market size is forecast to increase by USD 1,587.85 million. The growth of the market depends on several factors including high efficiency and productivity of robots, high growth of the aerospace industry, and increased automation in the aerospace industry. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by type (traditional robots and collaborative robots), component (controller, arm processor, sensors, drive, and end effectors), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Aerospace Robotics Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Aerospace companies are constantly looking for ways to improve the efficiency and productivity of their manufacturing processes. Robotics greatly improves automation, reduces production time, and minimizes errors, thus reducing costs and increasing productivity. Aerospace robots streamline production processes and shorten manufacturing cycles.
Moreover, this accelerated production will help to meet the increasing demand for aircraft and aerospace components. As the industry continues to evolve and push for automation, the aerospace robot market is expected to continue to grow due to the pursuit of better performance, safety, and profitability, which will contribute to the global aerospace robot market growth during the forecast period.
The aerospace industry is undergoing a digital transformation, adopting Industry 4.0 principles to build smart factories and improve overall operational efficiency. Intelligent robotics will play a key role in this transformation by enabling connectivity and data exchange between the various components of the manufacturing process. Smart robots are designed to work collaboratively with human operators, enabling them to share work spaces safely and efficiently.
Moreover, integrating AI and machine learning into Smart robotics enables them to adapt and learn from experience, optimizing performance over time. This will enable robots to perform complex tasks more autonomously and accurately. As technology continues to advance, robotics is expected to play an increasingly important role in shaping the future of aerospace manufacturing, maintenance, and exploration. Hence, these factors will boost the growth of the market during the forecast period.
Aerospace robotics often integrates advanced technologies such as artificial intelligence, machine learning, high-resolution sensors, and high-precision actuators. Developing and integrating these advanced technologies into robotic systems can be costly. Aerospace robotic systems often need to be tailored to specific applications and aerospace components, which can increase development and integration costs.
Moreover, the aerospace industry often uses special materials that are lightweight but strong. Incorporation of these materials in the manufacturing of aerospace robots may increase costs, which may adversely affect the growth of the market during the forecast period.
The traditional robots segment will account for a major share of the market's growth during the forecast period.?The use of traditional robots ensures consistent quality in aerospace manufacturing and reduces errors and rework. This is important to ensure the safety and reliability of aerospace components. The aerospace industry is embracing digital transformation and smart manufacturing concepts such as Industry 4.0.
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The traditional robots segment was valued at USD 1,455.60 million in 2017 and continued to grow until 2021.?This includes integrating traditional robotics with advanced technologies such as the Industrial Internet of Things (IIoT) and data analytics. Given the dynamism of the aerospace industry, the demand for conventional robots is likely to continue to evolve as aerospace companies seek innovative ways to improve manufacturing processes, which will lead to the growth of the global aerospace robotics market during the forecast period.
Based on components, the market has been segmented into controller, arm processor, sensors, drive, and end effectors. The controller?segment will account for the largest share of this segment.?Due to the growing adoption of robotics and automation in the aerospace industry, the demand for aerospace robotics controllers is rising. The aerospace industry is constantly looking for ways to increase production efficiency and reduce costs. Aerospace robotic controllers are designed to be flexible and easily programmable, enabling aerospace companies to adapt to changing manufacturing needs and meet diverse production needs. As the aerospace industry evolves and faces new challenges, the demand for advanced robotic solutions that can be efficiently controlled and managed by robotic controllers is increasing, which will drive the growth of the market during the forecast period.
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North America is estimated to contribute 44% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. North American aerospace companies depend on automation to optimize their production processes. Robotics plays a key role in automating repetitive and precise tasks such as drilling, fixing, and assembling aerospace components.
Moreover, North America's aerospace industry continually seeks advanced manufacturing technologies to increase productivity and reduce costs. Robotics enables the use of modern technology and materials in the manufacturing process. Aerospace parts require extremely high precision and consistent quality. Robotics provides the precision and repeatability required to meet the aerospace industry's stringent quality standards. Thus, such factors are expected to grow the aerospace robotics market in the region during the forecast period.
The COVID-19 pandemic has had several significant impacts on the aerospace industry, including its influence on aerospace robotics in 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions. Robotics manufacturing units were reopened which positively impacted the growth of the regional market in focus. The pandemic emphasized the need for raised automation to maintain operational continuity while reducing dependence on human labor in certain tasks. As a result, aerospace companies are adopting robotics and automation to increase efficiency which will fuel the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers aerospace robotics products through its Robotics division.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Electroimpact Inc., Festo SE and Co. KG, General Electric Co., Hyundai Motor Co., Intel Corp., JH Robotics Inc, Kawasaki Heavy Industries Ltd., NACHI FUJIKOSHI Corp., OMRON Corp., Sarcos Technology and Robotics Corp., Staubli International AG, Stellantis NV, Tata Motors Ltd., Teradyne Inc., Yaskawa Electric Corp., MIDEA Group, Seiko Epson Corp., AV and R Vision and Robotics Inc., and FANUC Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The aerospace robotics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Aerospace Robotics Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.2% |
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Market growth 2023-2027 |
USD 1,587.85 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.02 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 44% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Electroimpact Inc., Festo SE and Co. KG, General Electric Co., Hyundai Motor Co., Intel Corp., JH Robotics Inc, Kawasaki Heavy Industries Ltd., NACHI FUJIKOSHI Corp., OMRON Corp., Sarcos Technology and Robotics Corp., Staubli International AG, Stellantis NV, Tata Motors Ltd., Teradyne Inc., Yaskawa Electric Corp., MIDEA Group, Seiko Epson Corp., AV and R Vision and Robotics Inc., and FANUC Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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